Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bybit+0.007%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.145% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.007%, 7d avg +0.003%
=Together, before fees−0.087%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XRPUSDT | 1.5339 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $361.5M | $858.1M | 100x |
| Short | Lighter XRP | 1.5340 | 0.0096 | get 0.0012% / 1h | 1m 40s | $2.8M | $14.2M | 20x |
Bybit XRPUSDT
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.007% → +0.003%
- $0.4
- Slippage, 4 orders
- −$3.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.97
- Costs to cover
- 0.145%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Lighter: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 6 min ago | 0.33 bp | 5.8 bp −$6 | 8.2 bp −$82 | 14.1 bp −$1,414 | 26.8 bp −$13.4K |
| Sell Lighter live order book, 5 min ago | 1.13 bp | 1.7 bp −$2 | 6.0 bp −$60 | 15.0 bp −$1,502 | 36.0 bp −$18.0K |
XRP on 51 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5387 | +0.313% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5340 | +0.003% | $13.8M | $69.3M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5335 | −0.024% | $1.1M | $155K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5330 | −0.059% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5340 | +0.007% | $7.7M | $20.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5332 | −0.046% | $242K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5345 | +0.039% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.441% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5322 | −0.109% | $17K | $70K | 7x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5340 | +0.007% | $2.8M | $14.2M | 20x |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
Injective XRP/USDC PERP
Hibachi XRP/USDT-PShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5343 | +0.026% | $599K | $3.2M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5342 | +0.019% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5333 | −0.039% | $10K | $410K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5326 | −0.088% | $838K | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5348 | +0.059% | $297.9M | $264.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5339 | 0.000% | $39.0M | $79.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5340 | +0.007% | $590K | $987K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5339 | +0.002% | $533.7M | $2.04B | 100x | as long as short |
| Bybit XRPUSDTlong | +0.0100% | 8h | 1.5339 | long leg | $361.5M | $858.1M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5337 | −0.013% | $124.3M | $824.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5313 | −0.170% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5344 | +0.033% | $163K | $694K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5339 | 0.000% | $378.4M | $161.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5337 | −0.013% | $317.6M | $909.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5338 | −0.009% | $105.1M | $180.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5337 | −0.013% | $271.3M | $349.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5337 | −0.013% | — | $98.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5324 | −0.095% | $4.9M | $38.0M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5321 | −0.118% | $667K | $107.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5326 | −0.087% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5330 | −0.059% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5336 | −0.019% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5337 | −0.013% | $52K | $470K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5334 | −0.032% | $41K | $64K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5338 | −0.007% | $83K | $601K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5303 | −0.235% | $823K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5340 | +0.004% | $129K | $1.5M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5336 | −0.020% | $31K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5331 | −0.050% | $50.0M | $13.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5332 | −0.046% | $54.8M | $33.2M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5324 | −0.095% | $1.6M | $66K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5332 | −0.043% | $2.2M | $6.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5333 | −0.040% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5339 | 0.000% | $5.4M | $42.5M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0115% | 8h | 1.5340 | +0.007% | $1.9M | $35.4M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0163% | 1h | 1.5345 | +0.039% | $2.0M | $1.2M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5325 | −0.091% | $23.7M | $77.6M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0224% | 1h | 1.5332 | −0.048% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5345 | +0.038% | $508K | $723K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0249% / S −0.0483% | 1h | 1.5328 | −0.073% | $886K | — | 200x | as long as short |
| Aftermath Perps XRPUSD | +0.0379% | 1h | 1.5320 | −0.121% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
GMX XRP/USD [ETH-USDC]
Aftermath Perps XRPUSD